CHARrrY REGISTRATION NUMBER: NIC100519 C [440 Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Unaudited Financial Statements Accounts 31 December 2023 Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Financial Statsments Accounts Year ended 31 December 2023 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements accounts Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Trustees. Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial ststements accounts of the charity for the year ended 31 December 2023. Reference and administrative details Registered charity name Dungiven Roman Catholic Parish Missionary Outreach Charitsble Trust Charity registration number Principal offjce NIC100519 19 Chapel Road Dungiven BT47 4RT Co Dery The trustees Fr Seamus Kelly Rev. Michael Canny Right Rev. Monsignor Mccanny Mrs Geraldine Kerlin Ms Nodlaig Ni Bhrollaigh Accountants PFS Accountants and Auditors Ltd Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG Strueturei governance and management The Dungiven Roman Catholic Parish Missionary Outreach Charttable Trust was established on 19 May 2014 and has four trustees, who are the present parish priests of the Roman Catholic Parishes of Dungiven, Limavady and the Waterside of Derry and one member af the Finance Council of the Dungiven Roman Catholic Parish. The trust deed was fomBlly adopted at the first general meeting held on 19 May 2014. Objectives and activities The charitsble purposes of the Trust are to support e(lucation projects and initiatives to promote health or life expectancy as well as to alleviate distress ￿USed by famine, conflict or natural disasters in Northern Ireland and the Continents of Africa, Asia and South America. The benefit provided by the Trust is solely monetary donations to registered Catholic charities working within the Continents of Africa, Asia and South America and registered charities operating and situated within Northern Ireland, whose purposes include one or more of the purposes of the Trust. Achievements and perforniance During the year ended 31 December 2023 the charity eamed £80,206 income from investments. The charity paid out £52.540 in donations to other chanties. The charity aim5 to pay £50,000 out every year in donations. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Trustees. Annual Report (continu Year ended 31 December 2023 Financial review During the year the charty made a net surplus of £20,071, this is shown on page 4 to the accounts. Review of charty's financial position at the year end As at the 31 December 2023 the charity had total charity funds of £3.288,414. Recruitment and appointment of new trustees There must be at least five trustees with three of these being the present priest of Dun9iven, Limavady and the Waterside of Derry Roman Catholic Parishes and the other Iwo trustees being from the finance council of the Dungtven Roman Catholic Parish. In selecting individuals for appointment as trustees from the Finance Council of the Dungiven Roman Catholic Parish, the trustees must have regard to the skills, knowledge and experience needed for the effecttve administration of the charity. Statement of Trustees Responsibilities Responsibilities of the trustees in relation to the financial statements. Charity law reqUI￿S the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or defictt for the financial year. In doing so the trustees are required to.. Select suitsble accounting policies and then apply them consistently. Make sound judgements and estimates that are ￿asOnable and prudent and prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will not continue in business. The trustees, annual report was approved on 13 May 2024 and signed on behalf of the board of trustees by.. Fr Seamus Kelly Trustee Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Independent Examinerfs Report to the Trustees of Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Year ended 31 December 2023 l ￿port on the financi21 statements accounts for the year ended 31 December 2023. which comprise the ststement of financial acts'vrties, statement of finanaal position and the related notes. Respective responsibilities of trustees and examiner As the charty's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northem Ireiancl) 2008. It is my responsibility to.. exarnine the accounts under section 65 of the Chartties Ac( to follow the procedures laid down in the general Directions gtven by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Ac( and to Stste whether particular matters have come to my attention. Basis of independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65{9)(b) of the Charities ACL The examination included a review of the accounting records kept by the charity and a comparison of the accounts presentsd with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. My role is to stste whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounts'ng requirements of the Charities Act That there is further information neede(1 for a proper understanding of the accounts to be reached. Independent examinerfs ststement I have completed my examination and have no concems in respect of the matters {1) to (41 listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG Date: 13 May 2024 Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Statement of Financial Activities 31 December 2023 2023 Unrestricted fvnds Total funds 2022 Total funds Note Income and endowments Investment income Total income 80,206 80,206 80,206 72,664 80,206 72,664 Expenditure Expenditure on charitsble act￿￿eS Total expenditure 60,135 60.135 60.135 64,069 64,069 60,135 Net income and net movement in funds 20,071 20,071 8,595 Reconciliation of funds Total funds brought forward Net surplus Unrealised holding g8inlloss Total funds carried forward 3,114,005 20,071 154,338 3.288,414 3.114,005 20,071 154,338 3,288,414 3,551,210 8,595 (445,800) 3,114,005 The statement of financial actiVTties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 8 form part of these financial siaternents accounts. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Statement of Financial Position 31 December 2023 2023 2022 Current assets Investments Cash at bank and in hand 3,284,125 5,099 3,289,224 3.111,269 3,486 3,114,755 Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Net assets 810 750 3,288,414 3,288.414 3,288,414 3.114,005 3,114,005 3,114,005 Funds of the charity Unrestricted funds Unrealised holdin9 gainlloss Total charity funds 2,714,913 573,501 3,288,414 2,694,842 419,163 3,114,005 These financial statements accounts were approved by the board of trustees and authorised for issue on 13 May 2024, and are signed on behalf of the board by: Fr Seamus Kelly Trustee Geraldine Kerlin Trustee The notss on pages 6 to 8 forn? part of these financial statements accounts. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Notes to the Financial Statements Accounts Year ended 31 December 2023 General inforniation The club charity is registered charity in Northem Ireland and is unincorporated. The address of the principal office is 19 Chapel Road. Dungiven. BT47 4RT, Co Derry. Statement of compliance These financial statements accounts have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of prepardtion The financial ststements accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements accounts are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's abilty to continue. Fund accounting Unrestricted fijnds are available for use at the discreb'on of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eannarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sukKlasses: restricted income funds or endowment funds. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Notes to the FinancAal Statements Accounts (continued) Year ended 31 December 2023 Accounting policies (continued) Incoming resources All incoming resources are included in the ststement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the Charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlernent to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is nEasured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted fijnds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditu￿ includes any VAT which cannot be fully recovefed, and is classified under headings of the ststement of financial activities to which it relates= expenditure on raising funds includes the costs of all fiJndraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable acttvities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of tts beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising fijnds for the charity nor part of its expenditure on charitable activrties. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single acb'vty are allocated dire¢uy to that activity. Shared costs are apportioned beL￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Notes to the Financial Statements Accounts (continuedj Year ended 31 December 2023 Investment income un￿strICted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Income from other investments 80.206 80,206 72,664 72,664 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Expenditure on charitable activities 60,135 60,135 64,069 64,069 Expenditure on chaiitable activities by activity type Total funds 2023 Support costs Total fvnd 2022 Expenditure on charitable activities 60,135 60,135 64,069 Independent examination fees 2023 2022 Fees payable to the independent examiner for. Independent examination of the financial statements accounts 810 750 Trustee remuneration and expenses None of the trustees received remuneration during the year ended 31 De￿mber 2023. Investments 2023 2022 Other investments 3.284,125 3,111,269 Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Notes to the Financial Statements Accounts (continuedl Year ended 31 December 2023 Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 810 750 810 750 10. Analysis of charitable funds Unrestricted funds At 1 January 2023 At 31 December 2023 Income Expenditure 80,206 General funds 2.694.842 (60,135) 2,714,913 CHARITY REGISTRA TION NUMBER: NIC100519 Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Unaudited Financial Statements Accounts 31 December 2023 Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Financial Statements Accounts Year ended 31 December 2023 Trustees, ann ual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial ststements accounts Page Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited fJnancial ststements accounts of the charity for the year ended 31 December 2023. Reference and administrative details Reglstered charity name Dungtven Roman Catholic Parish Missionary Outreach Charitable Trust Charity registration number Principal office NIC100519 19 Chapel Road Dungiven BT47 4RT Co Derry The trustees Fr Seamus Kelly Rev. Michael Canny Right Rev. Monsignor Mccanny Mrs Geraldine Kerlin Ms Nodlaig Ni 8hrollaigh Accountants PFS Accountsnts and Auditors Ltd Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG Structurei governance and management The Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust was established on 19 May 2014 and has four trustees, who are the present parish priests of the Roman Catholic Parishes of Dungiven, Limavady and the Waterside of Derry and one member of the Finance Council of the Dungiven Roman Catholic Parish. The trust deed was formally adopted at the first general meeting held on 19 May 2014. Objectives and activities The charitable purposes of the Trust are to support educats'on projects and initiatives to promote health or life expectancy as well as to alleviate distress caused by famine, conflict or natural disasters in Northern Ireland and the Continents of Afrrca, Asia and South America. The benefit provided by the Trust is solely monetary donations to re9lStered Catholic charities working within the Continents of Africa, Asia and South America and ￿gIStered charities operating and situated within Northern Ireland, whose purposes include one or more of the purposes of the Trust. Achievements and perfomiance During the year ended 31 December 2023 the charity eamed £80.206 income from investments. The charity paid out £52,540 in donations to other chartties. The charity aims to pay £50,000 out every year in donations. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Trustees. Annual Report {¢on*nu Year ended 31 December 2023 Financial review During the year the charity made a net surplus of £20,071. this is shown on page 4 to the accounts. Review of charity's financial position at the year end As at the 31 De*rnber 2023 the charity had totsl charity funds of £3,288,414. Recruitment and appointment of new trustees There must be at least five trustees with three of these being the present priest of Dungiven, Lirnavady and the Waterside of Derry Roman Catholic Parishes and the other trustees being from the finance council of the Dungiven Roman Catholic Parish. In selecting individuals for appointment as trustees from the Finance Council of the Dungiven Roman Catholic Parish, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. Statement of Trustees Responsibilities Responsibilities of the trustees in ￿lation to the financial ststements. Charity law requires the trustees to prepare financial ststements that give a true and fair view of the stste of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to.. Select suitable accounting policies and then apply them consistently,. Make sound judgements and estimates that are reasonable and prudent and prepare the financial ststements on the going con￿rn basis unless it is appropriate to presume that the charity will not continue in business. The trustees, annual report was approved on 13 May 2024 and swJned on behalf of the board of trustees by.. Fr Seamus Kelly Trustee Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Independent Examiner's Report to the Trustees of Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Year ended 31 December 2023 I report on the financial statements accounts for the year ended 31 December 2023, which comprise the ststement of financial activities, statement of financial Position and the related notes. Respective responsibilities of trustses and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordan￿ with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Ac(. to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under sects'on 65(9)(b) of the Charities Act,. and to state whether particular matters have come to my attention. Basis of independent examiners report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions grven by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. My role is to stste whether any material matters have come to my attents'on giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understsnding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no cOn￿mS in ￿Spect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG Date: 13 May 2024 Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Statsment of Financial Activities 31 December 2023 2023 un￿StrICted funds Total funds Total funds 2022 Income and endowments Investment income Total income Expenditure Expenditure on charitable activities Total expenditure Note 80.206 80,206 80,206 80.206 72,664 72,664 60,135 60,135 60,135 60.135 64,069 64,069 Net income and net movement in funds 20,071 20,071 8,595 Reconciliation of funds Total funds brought forward Net surplus Unrealised holding gainlloss Total funds carried fO￿ard 3,114,005 20,071 3.114,005 154,338 20,071 154,338 3,288,414 3,288,414 The ststement of financial activities includes all gains and losses recognised in the year. Afi income and expenditu￿ derive from continuing activities. 3,551,210 8,595 (445,800) 3,114,005 The notes on pages 6 to 8 forni part of these financial ststements accounts. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Ststement of Financial Position 31 December 2023 2023 Current assets Investments Cash at bank and in hand 2022 3.284,125 5,099 3,289,224 3,111,289 3,486 3,114,755 Creditors: amounts falling due within one year Net Current assets Total assets less current Jiabilities Net assets 810 750 3.288,414 3.288,414 3.288,414 3,114,005 3,114.005 3,114,005 Funds of the charty Unrestricted funds Unrealised holding gainlloss Total charity funds 2,714,913 573,501 2,694,842 419,163 3,288,414 3,114,005 These financial statements accounts were approved by the board of trustees and authorised for issue on 13 May 2024, and are signed on behalf of the board by.. oJdLI Fr Seamus Kelly Trustee Idine Kerlin Trustee The notes on pages 6 to 8 fomi part of tF*se finan¢ial ststements accounts. Dungiven Roman Catholic Parish Missionary Outreach Charitable Trust Notes to the Financial Statements Accounts Year ended 31 December 2023 General infomyation The club charity is registered charity in Northern Ireland and is unincorporated. The address of the principal office is 19 Chapel Road, Dungiven, BT47 4RT, Co Derry. Statement of compliance These financial statements accounts have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Staternent of Recommended Practice applicable to charitses preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP {FRS 102)) and the Charities Act (Northem Ireland) 2008. A¢counting poli¢ies Basis of preparation The financial statements accounts have been prepared on the historical cost basis, as modified by the revaluation of ￿rtain financial assets and liabilits'es and investment properties measured at fair value through income or expendittjre. The ff nancial statements accoLJnts are prepared in sterling, whtch is the functional currency of the entity. Going concern There are no material uncertainties about the charty's ability to continue. Fund accounting Unrestricted fvnds are available for use at the discreb'on of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamarked by the twstees for particular fvture project or commitment. Restricted funds are subjected to restrrctions on their expenditure declared by the donor or through the tems of an appeal, and fall into one of sub